Harvest Fund Management Co. Ltd boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 366,101 shares of the electric vehicle producer’s stock after buying an additional 29,247 shares during the quarter. Tesla accounts for approximately 5.8% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 3rd largest holding. Harvest Fund Management Co. Ltd’s holdings in Tesla were worth $156,163,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IvyRock Asset Management HK Ltd acquired a new position in Tesla during the fourth quarter worth about $11,828,000. Clifford Swan Investment Counsel LLC grew its position in Tesla by 18.6% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 12,254 shares of the electric vehicle producer’s stock worth $5,511,000 after buying an additional 1,925 shares during the period. Curio Wealth LLC acquired a new position in Tesla during the fourth quarter worth about $181,000. Westfield Capital Management Co. LP grew its position in Tesla by 14.2% during the fourth quarter. Westfield Capital Management Co. LP now owns 461,675 shares of the electric vehicle producer’s stock worth $207,624,000 after buying an additional 57,455 shares during the period. Finally, Vista Cima Wealth Management LLC grew its position in Tesla by 144.8% during the fourth quarter. Vista Cima Wealth Management LLC now owns 2,054 shares of the electric vehicle producer’s stock worth $924,000 after buying an additional 1,215 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla expanded its unsupervised Robotaxi service area in Austin, a sign that its autonomous ride-hailing push is still advancing and could support the long-term AI/robotics story. Reuters: Tesla rolls out unsupervised robotaxis in Austin
- Positive Sentiment: Tesla reported a strong rebound in China-made EV sales in May, with Shanghai deliveries jumping sharply as the domestic market showed signs of recovery, which may help near-term demand sentiment. CNBC: Tesla’s China-made EV sales jump nearly 40% in May
- Positive Sentiment: Global EV sales rose in April and were led by Tesla, reinforcing that the broader EV market is still growing. TipRanks: Global Electric Vehicle Sales Rose 16% in April
- Neutral Sentiment: News around SpaceX’s massive IPO and speculation about a possible future Tesla-SpaceX linkage is stirring investor attention, but it is mostly indirect and highly speculative for TSLA in the near term. CNBC: SpaceX targets $135 IPO price
- Negative Sentiment: Several reports highlighted that Tesla’s stock is being dragged by weakness in tech stocks overall, especially after Broadcom’s disappointing results weighed on the sector. Yahoo Finance: Sector Update: Tech Stocks Fall Thursday Afternoon
- Negative Sentiment: Analysts and commentators continue to question Tesla’s rich valuation, arguing that the stock price still reflects ambitious AI, robotaxi, and robotics expectations that have not yet been fully proven in financial results. 247WallSt: Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
- Negative Sentiment: Competitive and legal concerns are also lingering, including scrutiny over Tesla’s FSD claims in China and new competition in robotics and EVs, which can pressure sentiment. Yahoo Finance: Tesla Faces China FSD Lawsuit
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on TSLA
Insiders Place Their Bets
In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 55,218 shares of company stock valued at $20,609,455. Company insiders own 19.90% of the company’s stock.
Tesla Stock Performance
Shares of TSLA stock opened at $418.45 on Friday. The company’s fifty day simple moving average is $395.23 and its 200-day simple moving average is $416.24. Tesla, Inc. has a 52 week low of $273.21 and a 52 week high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.57 trillion, a PE ratio of 383.90, a P/E/G ratio of 16.73 and a beta of 1.80.
Tesla (NASDAQ:TSLA – Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current year.
Tesla Profile
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
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